China has rolled out new interim measures to regulate the rare earth sector in the latest effort to tighten its grip over the metals critical to global semiconductor, defense, and other sectors.
Rare earth producers are now required to set up an internal tracking system to record production flows and submit the information to a national database on a monthly basis, according to the text of the regulation released by the country’s Ministry of Industry and Information Technology on Aug. 22.
China, the world’s largest rare earth miner and exporter, has spent more than a decade consolidating control over the supply chain of these strategically important metals. Efforts include implementing a quota system to dictate domestic mining, smelting, and separation activities….
China Tightens Rare Earth Management With New Regulations
